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(M18) 121.49 Resistance Key Today *RES...>

GILT TECHS
GILT TECHS: (M18) 121.49 Resistance Key Today
*RES 4: 122.84 Highs Apr 11 & 18 
*RES 3: 122.19 Alternating hourly support/resistance 
*RES 2: 122.15 100-DMA 
*RES 1: 121.49 High Apr 26
*PREVIOUS CLOSE: 121.37
*SUP 1: 121.07 Low Mar 26 
*SUP 2: 120.69 Low Mar 21 
*SUP 3: 120.48 Low Feb 27 
*SUP 4: 120.29 Low Feb 22
*COMMENTARY: Bulls take comfort in support emerging ahead of 120.69. Daily
studies at O/S levels appear to be impacting. Bulls now need a close above
121.49 to confirm a break of the 55-DMA (131.39) to confirm an easing of bearish
pressure and above 122.19 now to shift focus back to 122.84-123.03. Bears look
for a close below 120.69 to hint at a move back to 119.29-83 with below 120.29
to confirm.

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